#10 GOOGL Short Put Spread

Expiration: July 15 (59 days out)
ATM:  $730.30
Sell 695 Strike Put
Buy 690 Strike Put
Credit: $1.25
Close the order for 40 cents
The reason for this trade: Google (GOOGL) is a fairly strong fundamental company.  The stock is 5.76% undervalued at this time. The stock just cross over the middle of Keltner channel. This trade has about $35 safety zone.
Delta on the short leg is 26%

#9 Short Put Spread on GS

Expiration: July 15 (59 days out)
ATM:  $155.36
Sell 145 Strike Put
Buy 140 Strike Put
Credit: $1.05
Close the order for 32 cents
The reason for this trade: GS is very close to support level (one year low) of $139.  The stock is about to cross the middle of Keltner channel and we have about $10 safety zone.
Delta on the short leg is 19%

#8 Short Put Spread BA
Expiration: June 16 (51 days out)
ATM:  $136.07
Sell 130 Strike Put
Buy 125 Strike Put
Credit: $1.00
Close the order for 30 cents
The reason for this trade:  BA announced their Earning today. The stock did gap up about $3.00.  There is no earning release for the next three month.  The stock is in the upper part of Keltner channel.  We will talk about this in our next meeting on Saturday.
Delta on the short leg is 27%

#7 Short Call Spread on ADBE
Expiration: June 16 (58 days out)
ATM:  $96.28
Sell 100 Strike Call
Buy 105 Strike Call
Credit: $1.16
Close the order for 30 cents
The reason for this trade:  Adobe announced earning about a month ago with a large gap up.  The resistance for the stock is at $98 and this is the one year high level.  I do not expect the stock to go above the 100 short strike call.
Delta for the short call is 34%.  A little more than max 32% plan.

#6 Short Put Spread on NFLX
Expiration: June 16 (58 days out)
ATM: 95.59
Sell 90 Strike Put
Buy 85 Strike Put
Credit $1.30
Close the order for 30 cents
The reason for this trade:  NFLX had a very large gap down after ER two days ago.  The stock seems being stabilized.  We have a little over $5 safety net and plenty time to make $1.00 Profit.
Delta for the short put is 31%

#5: Short Put Spread on GOOGL
Expiration: June 16 (64 days)
ATM: $775.39
Sell 725 Strike Put
Buy 720 Strike Put
Credit $1.10
Close the order for 30 cents
The Reason for this trade:
Google is in an uptrend.  64 days out contract gives up ample opportunity to close the order with some good profit.

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